Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-03-09
AGREAT TRUNK LINE.
ore OF THE srR,NIesr SYSTEMS OF
TIE UHItgD STATES.
The Bosds Controlled BIZ the sully
Syndicate from New York
through the South.
lsreclal lolcsam 10 The pIspn.cA.l

NEW YORK, March 9.-At the time
the Sully syndicate obtained control OF
the Richmond Terminal Company and
the Richmond and Danville Railroad
Company gentleman who had been
one OF the original movers IN the
scheme said to the Dispatch CORE
spondent that this deal was but the be-
ginning of plan which when com
pleted would astonish the public,
and that il would result in one
of the strongest and most complete
trunk-line systems of the United
States. Ever since that time the plans
of this syndicate have been slowl y ma
turing, until now they may be slid TO
be practically complete, all that is re-
naming to be done being merely mat
ters of detail. The plan as thus CON
pleted provides for continuous trunk
line from the South to New York, in
which the Jersey Central, Philadelphia
and Reading, Baltimore and Ohio,
Richmond Terminal, East-Tennessee,
Virginia and Georgia, Richmond and
Danville, and the Georgia Central lines
will all be operated together.
The so called Sully syndicate control
the Richmond Terminal, Richmond
and Danville, and the East-Tennessee,
Virginia and Georgia systems. Mr..
Sully is one of Mr.. Austin Corbin's
right-hand men, and figured promi-
nently in the compromise by which the
conflicting interests in the Reading re-
organization were brought together,
and which resulted in making Mr.. Cor
bin president and receiver of that road,
as we'll as member of the Board of Re
construction Trustees.
1t is also well-known fact that Mr..
Corbin and his friendsown controlling
interest in the stock of the Jersey Cen
| trail, and that one of his friends and CO.
workers, Mr.. j. Rogers Maxwell, the
first yice-prosident of the Long Island
road. of which Mr.. Corbin is president,
has lust been elected director in the
| Jersey Central, and is prominently
mentioned as the coming president OF
| that road.
This will bring the Reading and Jer-
| sew Central roads into close relations,
making them practically one line from
Philadelphia to New York, including
terminal facilities at Communipaw. The
Baltimore and Ohio tracks are already
constructed to junction with those of
the Reading road in Philadelphia, and
while there have been rumors of un-
pleasant relations between the officials
| of these two companies, there is no
doubt that they are merely rumors,
having no foundation in fact.
The Georgia Central railroad, while
not controlled directly by the Sully
syndicate, is indirectly the same per
sons who engineered the Terminal deal,
having furnished the money to pur-
chase the majority of the stock, and at
the last annual election they were Ell
abled TO elect General Alexander as
president and their own Board of Di-
rcctors. This insures harmonious rela-
tions between these systems south OF
Washington, by which practically oil
the roads of that section, covering
several thousand miles OF track, will
| work as one
The connecting link between these
southern systems, controlled by the
Sully syndicate, and the Reading and
Jersey Central roads, controlled by the
Corbin syndicate, is the Baltimore and
Ohio. Recently absurd stories have
been circulated to the effect that the
| control of the Baltimore and Ohio had
been purchased {; but while that was
sought to be done it was found to be
impossible. The stock of the company
is $4,000, 600, of which the Garrett
| family own $4,000, 900, which, under
the terms of the will of the late Mr..
Garrett. cannot be sold for twenty
years.
The city of Baltimore owned 81, 900,
eco more of this stock, and this cannot
be disposed of except under an act OF
the Legislature. The Johns Hopkins
University holds 81, 600, 900 of this stock
in perpetuity. This disposes of Sl5,
$50, 600 of the stock out of the whole
| amount
This plan having been found to be i'm
practicable another one looking toward,
a Reorganization of the Reading favora-
bic TO the Baltimore and Ohio and the
Terminal interests was discussed, and it
| is this alliance between Messrs. COrbin,
Garrett, and Sully which has been an-
nounced as consummated, and which,
when finally arranged, will give an inn
mense system operating as trunk line,
with ample terminal facilities in New
| York bay. This will be beneficial TO the
Baltimore and Ohio as it will give them
the haul from Washington to Philadel-
phia of all these consolidated south
Elm systems, and will give the Reading
the haul from Philadelphia to New
York by means OF the Jersey Central,
which Mr.. Corbin controls absolutely,
and it gives this ambitious southern
combination a through line for long
term Of years. The details of this
agreement have not yet been madepub-
lie, but they are eagerly awaited in
railway and financial circles.